Matt Levine’s illegitimate son
citadel hq (basement intern)
Joined October 2025
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Max Lev retweeted
All university rankings are very flawed.
I wondered how we could rank unis as purely as possible? So I looked at the career path of ~100,000 engineers over 10yrs. Universities rank high when its graduates work at companies, ranked PageRank style, that engineers compete harder to join.
Stanford, MIT, Harvard were top 3, but the extent they were above the rest surprised me. Brown at #6, Waterloo at #7!
Max Lev retweeted
Soros: At some point every bubble will experience the big *test*, where the reflexive feedback loop flips from positive to negative. During the test, the market will try to take out the highly leveraged bulls. You do not want to own the asset during the test.
But if the market fails to push down prices enough to clear out all the bulls, then you have the greenlight to jump back in with even more size than before the test. The failure to clear out the bulls proves the broader trend is incredibility resilient.
After the test, the next phase of the bubble is the acceleration phase where it extends much higher and much longer than anyone expects.
In today's case with AI, perhaps if the market was to learn over the next few weeks/months that AI is resilient to the political cycle, then we could enter the acceleration phase?
Max Lev retweeted
OPENAI CFO CONFIRMS FUNDRAISING TALKS AT ALMOST A 50% LIFT IN VALUATION FROM THE ROUND CLOSED IN MARCH - CNBC INTERVIEW
Max Lev retweeted
New: Anthropic’s run rate topped $80 billion at the end of October. wsj.com/finance/major-invest…
Max Lev retweeted
The most mind blowing stat we've seen so far is this:
"As of June 30, 2026, we had raised an aggregate of $141.1 billion of capital and had cash and cash equivalents of $112.4 billion and short-term investments of $19.3 billion."
That means to date, they have burned 9.7b, they are growing at a rapid pace, and are profitable on an operating income basis as of the June quarter! This is likely the most efficient scaling of a business in the history of capitalism.
xitter.cf/AnthropicAI/status/211…
Anthropic has filed an S-1 registration statement with the SEC related to its proposed IPO.
Read more: anthropic.com/news/s1-sec
Legal disclaimer: A registration statement relating to these securities has been filed with the SEC but has not yet become effective. These securities may not be sold, nor may offers to buy be accepted, prior to the time the registration statement becomes effective. This post does not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
Max Lev retweeted
Жена сказала, что хочет "РЕОРГАНИЗОВАТЬ" мой ящик с бельем.
Но я разбираюсь в корпоративном лицемерии и понимаю, что это значит... МАССОВОЕ СОКРАЩЕНИЕ
